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Search Results 0 to 49 of about 133 (some duplicates have been removed)
he does not want spending caughts and i dare say he would be happy to see in reverses in government spending. so that does not jive with what the house is doing. >> that is a fair point. some critics say inside of the house conference there is a real fight. they want to take these bold stances on the ten year balanced budget so they can get some leverage to fund the government when it comes up for a vote in a couple of week. >> no, i think they are doing the lord's work. thank you very much. we have a couple of special guests to tell us more. democrat from vermont, shawn duffy, republican from wisconsin. to both of you gentlemen friends of this show i wish you a happy new year. mr. boehner attached a bublg et to this. >> there are no specific cuts. where in medicare or the pentagon are they going to cut? they have to specify that before you can have a serious conversation. i don't think members of congress should be playing with fiscal fire which is what we are doing when we use a tactic as a threat to plunge america into defought. i believe that republicans and democrats should den
that the president was going to slow down on some government initiatives, think again. we will get into the details in the second. here is how it was received across the globe. u.s. futures are up about 19 points. similar gains in the s&p 500 and nasdaq. the nasdaq. the first two are already at five year highs. the nasdaq is a long way from that. it has more to do with their currency, the nikkei is up. less to do with the inauguration of barack obama today. but perhaps it was something that would get in the way of some of the good economic fortunes they see downwind. the markets little dissuaded by anything that happened today. despite concerns that republicans feel that they are going to get the short of the stick -- short end of the stick from the president. chuck schumer is the latest essay, to say, as you know, if it comes to another budget that will be stressful, republicans may not like it, but they will have to deal with it. i will have more on the attitude in the approach of the president. i didn't see anything shocking or the president. he is kind of echoing what he already has said. maybe
at all. i think this was an exercise in showing that the government and the bank of japan, the central bank are on the same page. they certainly delivered that. i think the fact that it's an open-ended asset purchase program, it was more than what the markets had been factoring in. i think the dollar/yen moves are sort of moving independently right now. and i think a lot of that has to do with the comments that we had from government saying, oh, we're not trying to manipulate the currency, which throws into question this competitive devaluation story they were banking on. instead of being explicit about that over the last couple of weeks, now they're going to have to be a little bit more implicit about that. but the man of the hour, mr. shiraka shirakawa, the bank of japan, here is what he had to say. >> translator: japan believes growth is important. we teamed up with the dwoft to strengthen our policies and work on this goal together as one. >> let's take a look at the technicals about this 2% inflation target. because at the same time today, the bank of japan is saying the price of
in the third quarter. >> he also weighed in on the irish government's efforts to boost its economy, saying progress was being made, but insisted more could be done. >> the government has not necessarily addressed all the issues. they've done well and they've certainly addressed certain aspects of the cost space within ireland. but for those companies, particularly retailers, we're operating within the irish domestic market exclusively, it's a very, very different environment with awkward rent reviews, public sector costs are highly uncompetitive right across costs such as wages. other local authority charges on retailers in particular and those with large industrial premises within the country and we also have a domestic mortgage crisis with the banks. >> now, ryanair shares are under pressure today. you can see they're trading down by better than 2%, in fact, taking the sector down, too. ez-jet is one of the worst performers on the stoxx 600 today. ryanair is roughly flat over the past seven days, so marginally higher from where we were a week ago on the back of those comments. >>> we are
changing the laws left and right. >> they want the government to take care of people. >> we use to get rabbit and some other things. stuart: your honor, my child excluded from the cafeteria. poisoned and school. give me a million dollars. >> all i grew up with was peanut butter and jelly sandwiches and school. >> peanut butter and jelly is the best sand -- sandwich. stuart: i was surprised. >> they owe you money. sue them. stuart: dagen and, oh, it is yours. dagen: on american. connell: i love peanut butter, myself. good morning, everybody. dagen: what will the president do to get america back to work. connell: president obama was unable to talk these guys. more importantly, can we keep this up? dagen: a key to a better economy. keys to your house, a new house hopefully. connell: let's talk about the markets. nicole petallides starts us off as she does each day with stocks now. nicole: taking a look at a market that really has shown strength over the last seven of the past nine weeks. the dow trading as high as 13,682 prior to pulling back here into negative territory. we are seeing mu
: it is government spending that just won't die. albrecht on a little-known program that congress can't seem to cut in 60 seconds. ♪ ♪ gerri: when it comes to cutting the purse strings, nobody, nobody is worst in congress. i mean nobody. case in point, an obscure program called the christopher columbus foundation, the program offering cash reward for research in the fields of agricultural science and biology. even runs a competition for middle schoolers to use science to solve local problems. they send the kids, the winners to walt disney will for a week. sounds nice except for the fact that there are other federal programs that do the exact same thing like one run by the army that rewards innovative metals coolest with a trip to washington. look, not only is the program redundant and something probably last to the private sector, but it is the government's spending no licking killed. have tried to get rid of the 450,000 of program, but nobody can make it happen. three republicans have introduced legislation to end it , no dice. even the president has tried to end it. in his official budget pro
.c. beltway and was pretty adamant the fiscal cliff was not armageddon and our government is becoming less dysfunctional. you got get the worries in the rear view mirror and people look what is going well. housing recovery is real. auto situation is strong. david: let me hold you on housing for a second, jeff. we had a pullback on prices. we had a tremendous run-up in 2012 in the price of housing. were you worried at all on the prices today? >> not really because if you drill down into the numbers, beneath the surface numbers are really not all that bad. i'm here in real estate central in st. petersburg, clear water, tampa, the housing recovery is real. you're seeing spec homes built and they're trading hands. sandra: get to your individual picks. there are certain stocks you like. you tend to favor the cyclical sectors. i'm seeing names like hewlett-packard, intel, mosaic, general motors to. tell us about your picks. >> those are the last four we put on. we're basically set up with cyclical companies that range from things like general motors, hewlett-packard, intel and technology, techno
employees will face furloughs and reduced paychecks by april. the government of syria called today for thousands of refugees to come home, including those opposed to the regime. nearly 600,000 syrians have fled the civil war and gone to neighboring countries. there's been a new surge this week. we have a report narrated by alex thomson of independent television news. >> the children say they double-checked their figures. they counted around 10,000 children in the overcrowded camps in jordan in just the past 24 hours, with the parents or gardens they recognized around 20,000 people in all. with the winter cold and conditions like this, in the camps, king abdullah of jordan took the might of these people to the top today, to the world economic summit in davous. >> jordan is hosting almost 300,000. the weakest ref gos are struggling now just to survive this year's harsh winter. more international support is desperately needed. and it's only going to get worse. >> back there syria it is indeed getting worse. these people filmed getting out and leaving in the past 24 hours. it's partly
elected makes a huge difference. and oversight is a responsibility, there are branches of government, as the early founders said, if men were angels we would need no laws. but there is a series of checks and balances. we've not been able toa. accomplish that. i have asked the secretary about has al qaeda been decimated. which has been the talking point all through the campaign by the president,. her answer of core al queda has been decimated. the group in afghanistan but now they are spread. lou: it might be that is -- if you will, an equivlens of what you mean by al qaeda. your definition there of. senator great to have with you us, thank you so much. >> thank you. lou: much more on secretary clinton's benghazi testimony today with the a-team, coming up next. >> meet the founder of think thin, former super model, small business owner and health food entrepreneur, liz ann and her success of the economy and california. >> social media goes after the second amendment, groupon leaving gunshot owners up in arms. one of them fighting back is michael carr gill, next. this is america. we
that is the federal budget. we have seemed to have an obsession with government bookkeeping. this is a rigged game, and it is the wrong game for us to play. >> and in a barely veiled reference to mitt romney and other republicans, jindal said republicans need to make it clear that they are a, quote, populous party. >> we must quit being -- we are not the party of big business, big banks, big wall street bailouts, big corporate looph e loopholes, or big anything. we must not be the party that simply protects the welloff, so they can keep their toys. >> nbc's senior political editor, mark murray is here, and he joins me now. and mark, it seems is if at any time a party gets thumped, they always have this come to jesus moment. we need to change what we've been doing before, we need to radically alter our strategy. reince priebus is going to say this to the rnc. "it's time to stop lacking at elections through the lens of battleground states. we have four years until the next presidential election, and being a blue state is not a permanent diagnosis. simple outreach a few months before an election wil
government and president mohammed more seats. today's clashes marking the to dish your anniversary if -- joined by fox his middle east and terrorism expert and analysts. good to have you here. let's start with what is happening in egypt. give us a sense of -- this has been going on for some time. to what affect? >> well, look, this is a defining moment. what we see right now on the streets of egypt, two years after the first revolution, a second revolution. those who are organizing these demonstrations on the ground, as we see in the pictures, the same people who started the original arabs bring in cairo two years ago. so you have those young people, secular, liberal, women's movement minorities rising against the muslim brotherhood government regime. this is an important moment for the international committee to make a choice. we are doing is sending more weapons instead of more support to the use. lou: and what kind of support are those who are demonstrating in the streets of cairo and drought egypt today, what kind of support are they receiving from the international community,
are moving forward. they're diversified. it would be nice to see stated and local governments address the pension plans the way they did. >> absolutely. we'll check in with you later. >>> it's a big week for the defense industry as well, lockheed martin and northrup grumman report this week. jane is here for a preview. >> reporter: across the board for pretty much defense company, analysts are expecting a drop in earnings year over year, but jason gersky says don't expected to see a fiscal cliff impact. >> on the contrary, there's an opportunity for rates to out-perform expectations. that's because the d.o.d. was trying to get as many contracts done in the fourth quarter in anticipation of sequester potentially being implemented in early january. >> he and others expect flat demand from the defense department, but international growth looks good, international sales have higher margins. gursky likes lockheed martin and ratheon for their patriot systems which could be big in any iran/israel conflict. and he expects these companies to have 8% to 12% returns. will that continue? one othe
of the european ones are under pressure by the government. but the problem is, if you look at issues in the u.s., they're just so low. there's no ability to cut in the long-term. how do you push through entitlement reform and address those issues, especially if there's no market pressure right now? >> my sense is that you don't. i don't understand how that can be achieved and, therefore, i suppose what i struggle with is what solution can the government find? the bank of japan, if you monetize the debt in a low inflationary environment, is this a free lunch? >> right. >> in the uk, it has turned out to be a free lunch. would it in japan? possibly, yes, and, therefore, i wonder if these issues ever will be addressed. >> and what's so interesting, you're seeing these bizarre rates happening in a monetary policy. we feel like we're in a whole new regime where people feel like it doesn't matter at all. wondering if it matters at all how much you spend and borrow in these situations. how does it change, if at all your strategy from here? >> it makes having a long-term strategy really, really tough
last night. plus, the world economic forum, the most powerful names in business and government gathering in davos, switzerland. wednesday, january 23, 2013. and "squawk box" begins right now. ♪ >>> welcome to "squawk box" on cnbc, i'm becky quick with ross westgate. andrew is reporting from switzerland. that's why we've got the mountain music. we'll get to andrew in a moment. first, the top stories. the common theme here quarterly results, shares of google getting a boost. earnings and revenue topping consensus and perhaps more important metrics, revenue from google's core internet business. it outpaced many analysts' expectations. advertising rates fell less than in proves periods. as you see, the stock was up -- this morning up almost 5% in the premarket. ibm shares jumping after the bell. earnings and revenue beating the street, as well. the world's largest technology services company offering a better than expected outlook for 2013. that stock, as you see, up by 4% in the premarket. also, we had advanced microdevices. it came in with a smaller than expected loss in the fo
government workers like teachers, firefighters, public administrators. time now for lou dobbs. >> one hates to lose the public administrators and one wonders how the nation will be administered without them. it is an interesting story. it is counter to conventional views and expectations of most people. we have been watching the battles at the national labor relations board. we know that the president has stacked it with his allies and em baa stairs to the marketplace, and there is this expectation that the powerful organization fl-cio, the service employees union, the teachers unions are just growing and growing, which they had been until last year. we started to see the impact of those local cuts in budgets. this government, this administration, pumped, as you recall in the stimulus package, hundreds of billions of dollars into the hiring of what had been traditionally union jobs, teachers, police, you name it. that's over. what we are seeing now is the market place begins to work. now, as we look at how dramatic these reductions are, basically 6.5% membership in the private sector tells
spiking to buy government bonds. what this could mean for your fixed income investing and where to turn for profits. ♪ at a dry cleaner, we replaced people with a machine. what? customers didn't like it. so why do banks do it? hello? hello?! if your bank doesn't let you talk to a real person 24/7, you need an ally. hello? ally bank. your money needs an ally. nothing. are you stealing our daughter's school supplies and taking them to work? no, i was just looking for my stapler and my... this thing. i save money by using fedex ground and buy my own supplies. that's a great idea. i'm going to go... we got clients in today. [ male announcer ] save on ground shipping at fedex office. >> reporter: and we've got amd numbers to report for you. it looks as if it's a beat, reporting a loss of 14 cents per share as opposed to the street was expecting 20 cents a share on revenue of 1.16 billion, the street was expecting revenue of 1.15 billion. their quarterly gross margin is now 16%, and, of course, they have been struggling with the slowdown in pc sales worldwide. back to you guys. david: meanw
deficits, but he signalled split decisions in an era of divided government. >> progress does not compel us to settle. centuries long debates about the role of government for all time, but it does require us to act in our time. [applause] >> for now decisions are upon us. and we cannot afford to wait. we cannot mistake absolutism for principle or substitute spectacle for politics or treat name calling as reasoned debate. [applause] >> we must act. we must act knowing that our work will be unperfect. we must act knowing that today's victories will be only partial. peter: top republicans issued bipartisan statements in the spirit of the day, but mitch mcconnell, the senate republican leader called federal spending and the debt the transcendent challenge of the great challenges of our day. david: was it president harrison who had a two hour speech at his inauguration that he caught pneumonia. this was one of the quickest speeches i have ever seen before. but bottom line here, the president, a lot of people say it sounded more like an acceptance speech at a convention than it did at an inaugura
the state department's own website describes as the government's only interagency on call short notice team poised to respond to terrorist incidents. as a result, the fbi could not enter the complex for 24 days at which point most evidence was gone. >> secretary clinton will be asked in particular why more securitifuls not provided after the june 6th bombing attack, and why ambassador stevens left part of the security team behind in tripoli, why the secrecy? lou? lou: jennifer, thank you. jennifer griffin, fox news national cor responsibility. exit polls show benjamin netanyahu winning the third term as prime minister of israel tonight. this, as the united states is providing a gift to egypt and muslim brotherhood member, president of e jupt, morsi. four f [laughter] 16 fighter jets left the country for egypt today part of a foreign aid package including 200 abe brame's tanks, and urged urged -- joining us now is andrew mccarthy, former federal prosecutor, convicted the blind shake, and he's also author ever the book "spring fever. illusion of islamic democracy," andrew, great to have you w
the payments on the national debt, the government's going to be a deadbeat on someing. it's bills to ctrtors, its salary obligations, something will happen and at least we've got that off the table for a few months. >> washington does this all the time. they have these short-term fixes. how do you feel about thoughs? >> it's better than nothing. what is the alternative, a government shutdown as we may be facing at the end of march. so if they keep doing these short-term fixes, at least we're not having a calamity. the problem, of course, is the longer you delay a lot of these things, the harder it gets. >> so put politic as side, what is the solution to this budget and debt cries snis. >> well, you remember bill clinton at theconvention said arithmetic. icomes down to arithmetic. we've got this yawning gap between what the government takes in and what it spends. and realistically you've got to pov both ends this is what president obama calls balance and what the republicans call nonsense because it involves raising taxes. i think you have to do bovment i think you have to have more revenue a
2008 has lent or raised $7 trillion-plus for people. all around the world, including governments, schools, cities, hospitals, small businesses, large -- that's our job. we try to do it very well. the whale mistake up there -- no customers, wasn't venal. terrible mistake, if you're a shareholder, i apologize deeply. we did have record results, life goes on. >> when i came to the industry, i was under no illusion that the industry didn't have its issues. they need to be fixed. and what we tried to do at ubs is two things. first, i think banks need a new strategy. and we embarked on a bold new strategy for ubs. the right strategy. at the same time we need to deal with the legacy. to get on top of the issues, you need to get to the bottom of things. for us, a settlement of libor was an important step in going in that direction. these things need to be on the table. taxpayers want to know about it. and transparency simply has to be there. when we found this issue going on in the bank, we completely made contact and complied with the regulators. we had a very good interaction with regu
. there's pressure, of course, and governments are bringing in pressure to bring drug price down. where is the balance between the two? because, you know, we want cheaper drugs that provide for patients, but what does that do for you? >> you want, of course, affo affordable drugs, but on the other hand, we need new, good drugs because there is so much on the medical need. there are still so many diseases that are not supposedly treated. plus, science its made so much progress even in the last decade that there is an opportunity to come out with better drugs. and the simple message is the pharmaceutical industry understands that there has to be a certain control on the costs that cannot bring out of control. but on the other side, if you want to continue to have new drugs, we need to get, you know, rewarded for innovation. and this is a dilemma and not really all that is well understood by government. >> drought, very low yield from around the world. >> if value is good news, it's driving people to look for things that are going to help the world. what's the outlook for that? >> well, yo
to the govern of the bank of italy about this, as well, this morning. he was saying, look, we didn't drop the ball over derivative trade. this is -- he said we shouldn't have any concerns about the stability of this particular bank. >> the situation was known and under careful consideration for a long time. as a matter of fact, we have been pulling the liquidity conditions of the bank and in the eba analysis and the need for further capitalization, we clearly doubt that there was a need of further capitalization and the bank was not able to provide -- and then the issue of the loan. so this is the process that we are considering. >> all right. that's governor of the bank of italy. also, coming up on today's program, mario draghi is speaking here in davos in around about 20 minutes. don't go anywhere. >>> coming up from davos, in the meantime, though, i want to give you a check on market action on this friday as we basically wrap up, get close to wrapping up the month of january. the stoxx europe 600 is looking up about 0.2%. it's mostly advancers. about a three to two ratio against declin
technology is automation. so the higher the government wants to make labor costs, the better for us." but some of the vendors who brought machines to keep it moving - no matter who's making it - say they are getting more inquiries but not full commitments yet. still, it's enough for nick kuecker's kansas city company that designs and builds these sorts of systems to look for more people to hire. "we're moving from hardware to software. so you're looking for i.t. people? yes, i.t. dot-net, c+ code writing and plc engineers for our company." the manufacturing outlook leads chris williamson, chief economist at financial information services firm markit, to believe the growth of gdp and non-farm payroll will accelerate in the first quarter. government cuts to defense are blamed for a huge loss at general dynamics. that tops our look at 4th quarter earnings this morning. general dynamics reported a $2-billion loss as its information tech business slows due to a decline in government contracts. xerox topped estimates, earning $335 million. it's shifting away from printing and offering mo
privileged, selective use of government and public moneys to save selected group of people and allow other people, particularly the millions with the homes foreclosed to fend for themselves and the market rally, not just today but the markets doing extremely well over the past months, it kind of depend. great if you're in the markets and right if you have a 401(k) you are in the market but most people don't have a 401(k). many people do. >> when we talk about his legacy, is it really going to be the phrase to big too fail? >> i think that's what's stuck to him right now. whatever sticks to someone in realtime, you know, may or may not -- >> perception is reality. >> but only reality for the time that it's reality. meaning, truman went out of office with the lowest public approval ratings of man kind and what history says about timothy geithner we leave to the future in that it's clear there's systemic stability. we can debate about whether or not we are where we are want to be and going to go where we want to go. but i think it's very difficult to make the argument we're worse off today th
a decision because he is told that government will take over 60% of its income. is that fair for any californian to be faced with a decision like that? melissa: he also flirted with the idea of being part of a group that would bite into the padres. he is a hometown hero. somebody who means a lot to southern california. are you worried about your state in light of things like prosperity? >> we continue to see people leaving the state of california and there are better ways to raise revenue. one is by broadening our tax base by encouraging businesses to come to the state of california and expand here. that will solve our problems of increasing revenue. melissa: you talk about that the way you would encourage businesses to come would be to lower their tax rate. so, you know, it is quite the opposite of raising it. do you think you could ever get that done in california's current climate? >> not in our current climate we are not going to get it done. we need to cut government regulations. we need to give businesses incentives to be here. that in turn would bring revenue. melissa: you kno
. of course, the quester and the -- the continuing resolution to fund the government, but you're hearing some of both parties saying they might even accept the sequester. some of the stakes appear to be fading from these disagreements that paralyzed washington at the end of last year. >> when i heard this original deal profrksd i thought it was on the condition that the senate eventually congress had to actually pass a budget finally. >> that's still on the table. >> that is still on the table. a little bit less clear is the fate of the idea that somehow pay would be suspended for members of congress if they don't pass a budget. >> right. >> there are questions about the constitutionality of that provision, but the entire provision is to try to force the senate to force a pass a budget, and the senate intends to do that. >> that's significant because it's written within the law that when you pass the budget the debt ceiling automatically gets raised and then you don't even have to have this discussion at all. even before the debt fight was pushed off in the spring the equity markets were off
with enforcement of the border you not going to get the government revoking legalization after people come out of the shadows, given information to the government including where they are domicile is. say oh, we are going to revoke your status and lose your job you have to left. we get functionm equivalent of a green card. yes, you have to wait to get the breen card. that is why you have this in reverse order. the insensitive for real enforcement is gone. this is what happened with reagan who believed in this enforcement and legalization. he signed amnesty. in late 1980s. it turned out amnesty was achieved. no enforcement. we now have 11 million new illegal immigrants. reagan said one of the biggest mission takes of his presidency. >> bret: the politics has changed, obviously. fox news poll asked the question about government policy toward illegal immigrants should be pathway to citizenship. 66%. there were hurdles that you had to get through. much like this bill. mara, the demographics are changing. >> the tem graphics are changing. everybody was unbelievably candid about this. i asked why no
government budget balancing is hurting employment and will probably lead to more job losses in the near future. >> all right. let's take a look at the markets this morning. markets have been sitting at these record levels. you can see right now those dow futures pulling down by about 12 points. s&p futures are indicated slightly lower, as well. but the nasdaq is indicated higher. the dow jones transport sitting at an all-time high. other markets sitting at five-year highs. the big question is whether the dow jones industrial average follows suit. you're a huge transport. >> yeah, i am. that's all all-time highs. >> all-time high. oil prices, you can take a look. you'll see right now is down by about 2 cents to 95.54. the ten-year note that had been coming down the yields last week a little bit, you can see the yield right now is at 1.877%. the dollar this morning after the euro picked up strength last week, the dollar is stronger against the euro and the yen and the pound. right now, dollar/yen is at 88.79. gold prices this morning up about $5.80. $1,6933. >>> german chancellor angela m
impediments invented by capitol hill and congress and government to investors. you keep changing the rules. we don't know when it's safe to invest. >> the administration and the senate and the house would keep things stable for a while and take a boot -- take that boot off the neck of the entrepreneur, there's bubbling underneath this. a phenomenal explosion of american growth of ingenuity and entrepreneurship. just take the boot off the neck and give us stable policies. >> it's exactly what i talk about in my book "restoring the american dream." >> i can't believe i let him get that at the end of it but there you go. is he a good salesman or what? >> abigail, thank you very much. david goldman, as always. it's about time for president obama to make a decision on the s keystone pipeline but the environmental lobby will not accept anything but total victory. they're even talking civil disobedience. and later on it was hillary clinton's big day on capitol hill answering sometimes very blistering questions about the september 11th benghazi attacks. we'll look closely at what we learned and what i
. we can have a positive development if national governments will persevere in their actions. both in fiscal consolidation, but especially now on the front of structural reforms. >> steve liesman is here with a little bit more on this, but you're not wearing long underwear. >> no. but i have any gloves on. >> you're a little cold. >> we've been standing out here for a while. what did you think of draghi? a lot of people here talking about it and i wonder whether it's going to ultimately move the market. >> there's a couple of things. he said the victory lap. he said we relaunched the euro in 2012. a lot of talk with chris at this teen legarde in europe today. 2015, talking about this growth in the back half. i think draghi's intentions today were not to mess things up. the general feeling here is that what the ecb has done with the current situation, perhaps created the underlying conditions for growth. >> i hosted a dinner with christine legarde last night. one of the things that came up mario draghi said this morning that maybe we have good fall back into a problem again. >> well
later. >> thousands of egyptians went back to tahrir square today to protest new government. witnesses say some demonstrators threw stones at the cops who fired back with tear gas. officials say violence across the country killed at least four people and injured close to 400. of course, egypt is very important partner of the united states. in fact, we just sent them four new f 16 fighter jets like these. part of an aid package worth about a billion dollars a year "the fox report's" correspondent jonathan hunt is here. jonathan, in many ways, egypt doesn't seem any more stable now than it was two years ago. >> tough to argue against that, shep, when you see the tens of thousands on the streets of egypt, major cities today. protesting the government of muslim brotherhood president mohammed mohammed morsi. the protesters say that morsey has done nothing to fix the mess of the egyptian economy. and he has also rewritten the constitution in outright power grab. to them, the protesters, nothing has changed in the past two years except swap ago secular dictatorship for a religious one. former
stimulus and government deficit spending. without those two things and trillions of dollars the overall global economy wouldn't be where it is right now. i would also somely say that -- simply say the effects of deficit spending and central bank monetizaton of that debt is having a reduced effect every time they do more. my opinion as i look at data, the global economy is slowing. earnings growth is slowing. last year was the story of investors being willing to pay more but at the end of the year than the beginning of year for prices as pe multiple expansion occurred. think 2013 will be a much more challenging year not only stocks but --. david: let me force your hand on one issue here. do you think apple could be, everybody is looking at apple as though it is anomaly in otherwise healthy market, could apple actually be a forward indicator what might happen to the overall market? >> yes. apple's a great business. i own their products. they're a great story but i have to ask, does apple deserve to be the largest capitalized company on the planet, bigger than exxonmobil? i don't think so.
Search Results 0 to 49 of about 133 (some duplicates have been removed)